It can be sad that Grímsfjall volcano did not waste any time starting to prepare for next eruption after the large May 2011 eruption. But that eruption was the largest one in at least 140 years or so. This large eruption did mean that there was a large deflation that took place during the eruption. Where the most deflation was around 250mm down, and around 300mm north, and around 350mm east.
Since then Grímsfjall volcano has however been inflating at interestingly high speed. Currently the GPS data shows that it has reached around 250mm east, north and 200mm up since the eruption. But the magma chamber is going to expand horizontal before it expands upwards (think of this in 3D). So it is going to be a while until a inflation upwards is going to be seen.
The GPS data is clear on this as can bee seen here.
It is hard to know when Grímsfjall volcano is going to erupt next after this big eruption. But it might take few years until we see a new eruption in Grímsfjall volcano.